MANILA - Finance Secretary Carlos Dominguez on Wednesday urged the Senate to "swiftly" pass the P4.
MANILA - Finance Secretary Carlos Dominguez on Wednesday urged the Senate to "swiftly" pass the P4.5-trillion 2021 budget and at least 3 bills to enable the government to revive the Philippine economy stunted by the COVID-19 crisis.
"The 2021 budget will provide us with the tools necessary to rebuild our economy and decisively defeat COVID-19," he said. The Department of Health also needs funds to sustain its testing programs and procure COVID-19 vaccines once these are available in the market. The CREATE Act - which will lower the corporate income tax rate to 25 percent - "will help businesses continue operations and retain jobs," he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOF seeks swift passage of 2021 budget, economic measures - Manila BulletinThe Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the […]
Read more »
ERC wants higher 2021 budget, says returns to gov't could reach P200 billionThe Energy Regulatory Commission's proposed funds for 2021, approved by the budget department, amount to P543.8 million. It initially asked for P1.1 billion.
Read more »
Expert believes COVID-19 vaccine to arrive in PH by Q2 of 2021 the ‘earliest’
Read more »
Opposition senators question lower 2021 DOH budget amid COVID-19 crisis
Read more »
Pangilinan bats for higher agriculture budget in 2021 spending bill
Read more »
Tunnel boring machines for Metro Manila subway to arrive in early 2021 – DOTrThe Department of Transportation promises partial operations of the subway before the end of President Rodrigo Duterte's term in 2022.
Read more »